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rizabbasi (OP)
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October 18, 2017, 11:05:58 AM |
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Hi,
My electricity rate is around 0.15 - 0.17 USD. I need to know would I be profitable using 6x GTX 1060 6GB. I am open to any coin that exists and any coin that may see the light of the day.
Regards,
Rizwan
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Shipping beats perfection. So "ship" and then improve (that 1%).
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xxcsu
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October 18, 2017, 11:08:51 AM |
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BlomBaster
Member
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Activity: 234
Merit: 10
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October 18, 2017, 11:15:14 AM |
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Now, the profit from mining is much higher than your electricity price. But if the profitability falls much lower, then you will be much tighter than people with a price 0-0.05$
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ZenFr
Legendary
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Activity: 1260
Merit: 1046
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October 18, 2017, 11:19:07 AM |
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Hi,
My electricity rate is around 0.15 - 0.17 USD. I need to know would I be profitable using 6x GTX 1060 6GB. I am open to any coin that exists and any coin that may see the light of the day.
Regards,
Rizwan
With your electricity rate and your RIG (6 x nVidia GTX 1060 6GB), you will probably earn something like 1,5 USD per day. In other words, the ROI to refund the cost of your RIG is in years (more than 5 years : your GPUs will going to die before), if the altcoin market don't fall lower... But if money goes to Bitcoin, altcoin are falling... |
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Sev18
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October 18, 2017, 12:03:04 PM |
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Electricity fee seems quite high, but it is profitable right now. Check for Whattomine.com, you can check profitability by setting your elec. price.
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■■■■■■■ Multi-Algo Switching Manager - MULTIPOOL MULTIALGO Profit Switch Launcher ■■■■■■■ |
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Whitennerdy
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October 18, 2017, 12:12:29 PM |
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Electricity fee seems quite high, but it is profitable right now. Check for Whattomine.com, you can check profitability by setting your elec. price.
He's got very expensive electricity and it is profitable RIGHT NOW... In a two months this won't be so profitable |
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rizabbasi (OP)
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October 19, 2017, 06:01:57 AM |
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Thanks for your reply.
I understand that for ETH the specs won't catch up but I am talking about the currencies having lesser complexity and the currencies that would launch in future.
Is hashing power of 6x 1060 6GB really insufficient.
Yes electricity is bit higher, but, is that really a showstopper?
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Shipping beats perfection. So "ship" and then improve (that 1%).
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beachbummer
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October 19, 2017, 07:47:28 AM |
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Thanks for your reply.
I understand that for ETH the specs won't catch up but I am talking about the currencies having lesser complexity and the currencies that would launch in future.
Is hashing power of 6x 1060 6GB really insufficient.
Yes electricity is bit higher, but, is that really a showstopper?
The electricity cost is your running cost, but it is not a showstopper now if you have a positive long view of the crypto you are mining and you feel that it will rise much higher in the future. |
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leonix007
Sr. Member
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Activity: 1008
Merit: 297
Grow with community
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October 19, 2017, 08:00:37 AM |
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Thanks for your reply.
I understand that for ETH the specs won't catch up but I am talking about the currencies having lesser complexity and the currencies that would launch in future.
Is hashing power of 6x 1060 6GB really insufficient.
Yes electricity is bit higher, but, is that really a showstopper?
based on the mining calculator you will earn 5$ as of the moment with this specs, however, it is a game changer once the difficulty spikes up and price fluctuations. it is still you who will decide. Mining Calculator |
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rizabbasi (OP)
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October 19, 2017, 10:52:22 AM |
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OK. Can anyone please let me know what would be the optimum specs?
I have ASROCK H81 PRO BTC v2.0 mobo, HX1200i PSU, Intel G3220 CPU, 4 GB DDR3.
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Shipping beats perfection. So "ship" and then improve (that 1%).
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deadsix
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October 19, 2017, 12:44:56 PM |
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OK. Can anyone please let me know what would be the optimum specs?
I have ASROCK H81 PRO BTC v2.0 mobo, HX1200i PSU, Intel G3220 CPU, 4 GB DDR3.
Your config is great, no problems there, its just that your electricity cost is pretty high for mining, so your profits will not be significant till alt-coin prices go up. |
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rizabbasi (OP)
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October 19, 2017, 12:56:28 PM |
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OK. Can anyone please let me know what would be the optimum specs?
I have ASROCK H81 PRO BTC v2.0 mobo, HX1200i PSU, Intel G3220 CPU, 4 GB DDR3.
Your config is great, no problems there, its just that your electricity cost is pretty high for mining, so your profits will not be significant till alt-coin prices go up. OK thanks. So what I understood is that I can still mine and can make x number of coins (based on hashing capability) but I would somewhat be losing due to higher electric cost. And would anticipate for increase in alt-coin price. If that's a point then I got it  Thanks. |
Shipping beats perfection. So "ship" and then improve (that 1%).
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sevenmiles
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October 19, 2017, 02:30:17 PM |
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www.whattomine. com Do your own calculation - which is pretty easy As of today, one gtx 1060 6gb could make $6.03 if you mine Ethereum(ETH), and would cost your $1.90 electricity cost if you pay $0.16 per kWh so... obviously, you are still very very profitable at this moment... and when you will be not profitable in the future? when you can only make $1.90 per mining Ethereum... who knows that will be when
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